Arista Company Profile
A filing-grounded evidence node for AI networking fabric economics, showing how cloud switching demand can produce operating leverage with far lower direct CapEx intensity than manufacturing-heavy infrastructure layers.
First data slice
First Data Slice: Arista
Role: AI networking fabric / cloud switching evidence node.
Collected from Arista Form 10-K filings. Status: collected, pending independent review.
Why this node matters
Arista provides the networking-fabric contrast case inside the AI infrastructure map. Its latest collected row shows high operating margin and low direct CapEx intensity, making it a useful test case before expanding the main comparison beyond six nodes.
FY2024 highlights
Revenue
$7,003.1M
Gross Margin
64.13%
Operating Margin
42.05%
R&D Intensity
14.23%
CapEx Intensity
0.46%
Four-year view
| Fiscal Year | Revenue | Revenue Growth | Gross Margin | Operating Margin | R&D Intensity | CapEx Intensity | Status |
|---|---|---|---|---|---|---|---|
| 2021 | $2,948.0M | — | 63.80% | 31.37% | 19.90% | 2.20% | collected |
| 2022 | $4,381.3M | 48.62% | 61.07% | 34.86% | 16.63% | 1.02% | collected |
| 2023 | $5,860.2M | 33.75% | 61.95% | 38.52% | 14.59% | 0.59% | collected |
| 2024 | $7,003.1M | 19.50% | 64.13% | 42.05% | 14.23% | 0.46% | collected |
Arista filing figures are stored as USD millions after conversion from USD thousands in the SEC Form 10-K tables.
CapEx uses purchases of property, equipment and intangible assets and is stored as a positive magnitude.
Arista Revenue Trend
Fiscal-year revenue from collected Arista Form 10-K figures.
Status: collected, pending independent review.
Source: Arista Form 10-K filings. Amounts stored in USD millions.
What this chart shows: The revenue series shows sustained top-line expansion from FY2021 to FY2024, making Arista useful as a networking-demand evidence node rather than a static infrastructure supplier.
Arista Margin Trend
Gross margin and operating margin from collected Arista Form 10-K figures.
Status: collected, pending independent review.
Source: Arista Form 10-K filings. Ratios calculated from stored USD millions figures.
What this chart shows: Operating margin rises across the collected period while gross margin remains comparatively stable, suggesting improving full-company operating leverage rather than only product-level gross margin expansion.
Arista Reinvestment Intensity Trend
R&D intensity and CapEx intensity calculated from collected Arista Form 10-K figures.
Status: collected, pending independent review.
Source: Arista Form 10-K filings. Ratios calculated from stored USD millions figures.
What this chart shows: R&D intensity declines as revenue scales, while direct CapEx intensity remains low. This is the key contrast with foundry, memory, and other manufacturing-heavy nodes.
R&D intensity = R&D expense / revenue. CapEx intensity = capital expenditure / revenue.
Initial Interpretation
Fiscal years in this slice: FY2021, FY2022, FY2023, FY2024.
Arista is a networking fabric / cloud switching evidence node—read here as network infrastructure exposure, not compute silicon, foundry, memory, or lithography equipment. The filing-grounded series supports how cloud switching demand can combine operating leverage with low direct CapEx intensity versus manufacturing-heavy layers. Arista is not in the current main Profit Capture vs Capital Burden comparison; that view remains a six-node set until the networking layer is explicitly added there.
Descriptive analytics only; not investment advice, not a valuation conclusion, and not a recommendation to buy or sell any security.
Networking fabric node
Cloud switching and data-center network fabric exposure make Arista the first collected networking-layer profile in the hub.
Capital-light contrast
Compared with foundry, memory, and equipment-heavy layers, Arista provides a cleaner capital-light infrastructure contrast.
Operating leverage signal
The collected period shows revenue scale and operating-margin expansion, making Arista useful for testing whether networking fabric economics behave differently from compute and manufacturing nodes.
Comparison status
ANET is not yet included in the main six-node comparison. Adding it later should test whether the map gains a capital-light networking quadrant rather than simply expanding the same semiconductor set.
Reference
Source & Methodology
How the Arista profile data is sourced, stored, and interpreted.
Official sources
Primary inputs are Arista Networks Form 10-K annual filings. Links below use the sourceUrl values stored on each collected row; fiscal-year coverage follows the filing trail described in each row's sourceNote.
FY2021 is sourced from the comparative year presentation in the 2022 Form 10-K. FY2022 through FY2024 are sourced from the 2024 Form 10-K comparative and reported-year tables, as indicated in the row-level source notes.
Used for FY2021
Used for FY2022, FY2023, FY2024
Source notes
Revenue, gross profit, income from operations, and R&D are taken from the consolidated statements of income or operations as described in each row's filing note. CapEx uses the consolidated statements of cash flows line item "purchases of property, equipment and intangible assets." Figures are converted from USD thousands to USD millions in the collected file. Fiscal year is calendar-year aligned and ends December 31. CapEx is stored as a positive magnitude.
Fiscal-year treatment
The fiscalYear field uses Arista's reported fiscal-year label (for example FY2024). When periodEnded is present on a row, it records the fiscal period end date for that fiscal year as stated in the filing trail for that row.
Metric construction
Raw metrics stored per fiscal year include revenue, grossProfit, operatingIncome, rdExpense, capitalExpenditure. Derived metrics include revenueGrowth, grossMargin, operatingMargin, rdIntensity, capexIntensity where present, calculated from the stored raw figures for the same row.
Status and limitation
Status values in this slice: collected. Where the status is collected, figures were sourced from official issuer filings in structured form and remain pending independent review beyond this page's scope.
This page is descriptive analytics only; it is not investment advice, not a valuation conclusion, and not a recommendation to buy or sell any security.